Arab Today, arab today us eu wrap up fifth round of trade talks without breakthroughs
Last Updated : GMT 02:22:25
Arab Today, arab today
Arab Today, arab today

US, EU wrap up fifth round of trade talks without breakthroughs

Arab Today, arab today

Arab Today, arab today US, EU wrap up fifth round of trade talks without breakthroughs

Washington - AFP

The United States and the European Union (EU) concluded the fifth round of the Atlantic free trade talks on Friday, without yielding major significant breakthroughs after almost a year of negotiations. "Nearly all of the negotiating groups met this week, and we're now discussing the proposed agreement wording in most of the negotiating areas," chief U.S. negotiator Dan Mullaney told a press conference after wrapping up five-day negotiations for the Transatlantic Trade and Investment Partnership (TTIP). "This week our teams have discussed tariffs, services and investment, government procurement -- all areas where both sides have indicated high ambitions for additional market access," he said. Negotiators also discussed ways to promote greater regulatory compatibility in a range of sectors, including medical devices, pharmaceuticals, cosmetics, automobiles as well as chemicals, he added. Chief EU negotiator Ignacio Garcia Bercero said the two sides had very good and intensive discussions on regulatory coherence, but "we have not at all reached the point in which we already have an agreement or a text on which we are working." "Our objective ... is to reduce barriers and costs that arise due to unnecessary regulatory and standards differences between our two economies while maintaining ... high level of health, safety and environment protection," Mullaney said. Following four rounds of negotiations that started last July, "we've moved from discussing a conceptual framework to defining specific ideas for addressing the majority of the negotiating areas," U.S. Trade Representative Michael Froman said in a statement. The next round of TTIP negotiations, which aim at creating the world's largest free-trade area, will take place in July with specific dates not yet determined. The U.S. and EU leaders have initially set a timetable for completing an agreement by late 2014. But negotiations moved very slowly amid rising political and public resistance to the deal on both sides. Market access for genetically modified organisms and hormone-treated agricultural products was deemed the most difficult aspect of TTIP negotiations, followed by data protection and privacy standards, environmental standards and financial services regulation, according to a stakeholder survey released by the Atlantic Council and the Bertelsmann Foundation in March. Only 29 percent of respondents believe a broad and comprehensive agreement would be reached, while 57 percent expect a moderate accord, which would exclude some controversial issues, the survey showed. Being each other's largest economic partners, a successful TTIP would strengthen the transatlantic relationship and give the two sides bigger power in formulating future global trade rules.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us eu wrap up fifth round of trade talks without breakthroughs Arab Today, arab today us eu wrap up fifth round of trade talks without breakthroughs

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday